Lyft IPO: riders on the form | Financial Times
Profitability remains way off but listing offers rare chance to invest in new type of industry
✒ The Risk Factors section of Lyft’s prospectus:
“…we had $1.7 billion of federal, $1.5 billion of state and $10.9 million of foreign net operating loss (NOLs) carryforwsrds available to reduce future taxable income, which will begin to expire in 2030 for federal, 2021 for state and 2037 for foreign tax purposes. It is possible that we will not generate taxable income in time to use NOLs before their expiration, or at all.”
2030 is 11 years from now.